bitcoin and money laundering - page 3.

thriftshopping

full member

Activity: 137

Merit: 100

Quote from: LostDutchman on July 20, 2014, 05:00:19 PM

Quote from: PinkRanger on July 20, 2014, 02:24:12 PM

Quote from: LostDutchman on July 20, 2014, 01:14:52 PM

Quote from: 98problems on July 19, 2014, 11:23:47 PM

Quote from: BoxControl on July 18, 2014, 01:45:12 AM

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

Wink

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: PinkRanger on July 20, 2014, 02:24:12 PM

Quote from: LostDutchman on July 20, 2014, 01:14:52 PM

Quote from: 98problems on July 19, 2014, 11:23:47 PM

Quote from: BoxControl on July 18, 2014, 01:45:12 AM

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

Wink

PinkRanger

newbie

Activity: 4

Merit: 0

Quote from: LostDutchman on July 20, 2014, 01:14:52 PM

Quote from: 98problems on July 19, 2014, 11:23:47 PM

Quote from: BoxControl on July 18, 2014, 01:45:12 AM

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: 98problems on July 19, 2014, 11:23:47 PM

Quote from: BoxControl on July 18, 2014, 01:45:12 AM

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

98problems

sr. member

Activity: 364

Merit: 250

Quote from: BoxControl on July 18, 2014, 01:45:12 AM

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

leezay

full member

Activity: 363

Merit: 100

SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN

Quote from: BoxControl on July 18, 2014, 01:45:12 AM

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

Not that many localbitcoin buyer will carry large amount of cash to do on site trade. Risk of getting robbed is high also.

heisenberg19

newbie

Activity: 14

Merit: 0

emm... nothing is perfect, we just have to know how use them Grin

OROBTC

legendary

Activity: 2912

Merit: 1852

...

@ leezay

There are several companies that advertise on the Internet that they will take your Bitcoin for gold.

Gold is the ONLY thing I have spent BTC on...

BoxControl

newbie

Activity: 26

Merit: 0

Quote from: leezay on July 18, 2014, 01:42:11 AM

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

leezay

full member

Activity: 363

Merit: 100

SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

BoxControl

newbie

Activity: 26

Merit: 0

Quote from: DannyElfman on July 10, 2014, 06:19:31 PM

Quote from: Erdogan on July 08, 2014, 11:03:58 PM

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

This is not always true, as if you acquired money in an illegitimate manor, or if the specific money can link you to a specific crime, then it is considered to be "dirty"

Money acquired in an illegitimate manner is only "dirty", if it can be directly connected to the crime.

DannyElfman

sr. member

Activity: 406

Merit: 250

Quote from: Erdogan on July 08, 2014, 11:03:58 PM

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

This is not always true, as if you acquired money in an illegitimate manor, or if the specific money can link you to a specific crime, then it is considered to be "dirty"

Nicolas Dorier

hero member

Activity: 714

Merit: 661

Quote

The black market would be more trades deemed wrong by people as a society

And this is true, as long as you understand that society is different than government. Government does not represent society. And is a separate entity.

Government seen as an association of free actors whose purpose is to solve prisoner's dilemma type of problem (which can only be solved by external observer) is good.
But, when those free actors are forbidden to dissociate this is coercion.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: LostDutchman on July 08, 2014, 11:06:20 PM

Quote from: Erdogan on July 08, 2014, 11:03:58 PM

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

http://www.youtube.com/watch?v=I8P80A8vy9I

Exacly, plus more than that. I came over this, Mike Maloney reads from Atlas Shrugged, the passage where d'Anconia opposes the meme that money is the root of all evil. Maloney gets tears in his eyes when he reads...

https://www.youtube.com/watch?v=wkivn_3zn5I

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Erdogan on July 08, 2014, 11:03:58 PM

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

http://www.youtube.com/watch?v=I8P80A8vy9I

Erdogan

legendary

Activity: 1512

Merit: 1005

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: ShakyhandsBTCer on July 08, 2014, 06:32:29 PM

Quote from: LostDutchman on July 07, 2014, 08:02:28 AM

Quote from: enhu on July 07, 2014, 05:49:03 AM

but one can partially hide their money through bitcoin. An article lately that i've encounter was about bitcoin and divorce. Cheesy

Done carefully and properly, one could theoreticially hide ALL of one's bitcoin income from the prying eyes of government.

The same is true with fiat. However is this something that is really necessary to have to do?

I dinno.

With half the governments on the planet after your money, what do you think?

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: LostDutchman on July 07, 2014, 08:02:28 AM

Quote from: enhu on July 07, 2014, 05:49:03 AM

but one can partially hide their money through bitcoin. An article lately that i've encounter was about bitcoin and divorce. Cheesy

Done carefully and properly, one could theoreticially hide ALL of one's bitcoin income from the prying eyes of government.

The same is true with fiat. However is this something that is really necessary to have to do?

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: LazerSMS on July 08, 2014, 04:54:01 PM

Quote from: Erdogan on July 08, 2014, 01:35:28 PM

Quote from: LazerSMS on July 07, 2014, 06:14:04 PM

I only use my coins for completely state approved stuff like buying services I don't need at boringsite.com, donating to the admin of boringblog.com etc.

I'm a good person

No, because...

Quote

and then I pay taxes on it, on all of it

you give the bullies money

Quote

and sometimes I even lose money doing that, but I don't care...

because I feel good then

You have been deluded into thinking self sacrifice is a virtue

Quote

I love my Government and I'm sure the feeling is mutual Kiss

Think again.

of course it was a joke Grin

this is how the folk thinks, and it's ridiculous

Agreed and the more "regulation" the further undergoround crypto will be driven.

This is of course, as it should be.

LazerSMS

member

Activity: 84

Merit: 10

Quote from: Erdogan on July 08, 2014, 01:35:28 PM

Quote from: LazerSMS on July 07, 2014, 06:14:04 PM

I only use my coins for completely state approved stuff like buying services I don't need at boringsite.com, donating to the admin of boringblog.com etc.

I'm a good person

No, because...

Quote

and then I pay taxes on it, on all of it

you give the bullies money

Quote

and sometimes I even lose money doing that, but I don't care...

because I feel good then

You have been deluded into thinking self sacrifice is a virtue

Quote

I love my Government and I'm sure the feeling is mutual Kiss

Think again.

of course it was a joke Grin

this is how the folk thinks, and it's ridiculous

Topic: bitcoin and money laundering - page 3. (Read 9494 times)